Dismissing the appeal of the revenue the Court held that there is not requirement of law there has to be separate permission for each unit. Just because the Government granted permission by amending the original permission letter it does not affect the eligibility for deduction under section 10B of the Act. (AY. 2006 -07)
CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (No. 1) (2020) 429 ITR 207 / 276 Taxman 90 / 196 DTR 377 / (2021) 318 CTR 38 (Bom.)(HC)Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297 ( SC) Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297 / 283 Taxman 1 / 283 Taxman 6( SC)
S. 10B : Export oriented undertakings-Expansion of existing processing capacity-Eligible deduction. [S. 10B(7), Industrial, (Development and Regulation) Act, 1951, S.14]